WABnetwork(WAB)

When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power grid, tie into renewable resources and foster domestic technology.

El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor.

Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS and Bitcoin miners shared their plans for boosting productivity via green energy.

A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China's ban.

Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year.

Bitcoin mining lands another green energy data center as global powerhouse GDA sets up shop in Sweden.

Austin, Texas, August 10th, 2023, ChainwireTopl’s CTO, Dr. Hans Behrens, was invited to present the peer-reviewed Ouroboros Taktikos research at China’s prestigious conference in Haikou, China.Topl, an interoperable blockchain protocol focused on a connected, inclusive, and sustainable global economy, today announces the peer-reviewed acceptance of its research on Ouroboros Taktikos. This consensus mechanism, built on the foundation of Cardano’s Ouroboros Praos, shows a throughput increase of 2.9 times and a latency reduction of 5.7 times compared to Praos.Topl's research indicates that by using a dynamic threshold, throughput and latency can be optimized, resulting in a more responsive network. Whereas Praos derives its name from the Greek term meaning "calm" or “gentle” and is known for its sparse consensus intervals, Taktikos, a Greek term meaning "arrangement," reflects a more dynamic approach to block ordering.The Ouroboros Taktikos research was presented at the International Conference on Blockchain and Trustworthy Systems, known as BlockSys, in Haikou, China, and highlights potential areas of improvement within the Ouroboros consensus model. Topl has already integrated Taktikos into its chain to enhance the security and scalability of its protocol.Unlike many advancements in the blockchain space, which are typically posted without any third-party validation, Topl's research underwent a rigorous academic peer-review process. The findings were vetted by leading researchers and will be included in the scientific literature, appearing in Springer CCIS. The manuscript will soon be available via Google Scholar alongside the rest of the Ouroboros family of protocols.“Our exploration into Ouroboros Taktikos reflects the dedication and curious spirit of the Topl team,” says Dr. Hans Behrens, Topl’s Chief Technology Officer. “For those interested in the nuances of Nakamoto-style proof-of-stake (PoS) protocols, Taktikos offers an insightful advancement. We see it as a collaborative evolution in blockchain consensus models, and we're proud of what our team has achieved together.”"The blockchain ecosystem thrives on both breakthroughs and benchmarks,” says Jon Woodard, the CEO at Wolfram Blockchain Labs. “Ouroboros Taktikos from Topl offers an insightful blend, advocating for technological advances rooted in academic credibility."About ToplTopl is a new interoperable blockchain protocol that aims to create a sustainable, inclusive economy. Its mission is to disrupt existing economic systems and empower changemakers worldwide to make a lasting, positive impact. Topl's modular, permissionless proof-of-stake blockchain is transparent, secure, scalable, and energy-efficient. Its technical innovations, including interoperability and eUTxO efficiency, pave the way for economic system innovation by connecting builders across the Topl network. The protocol's transparency, security, and flexibility make it suitable for track and trace applications, carbon and renewable energy credit exchanges, asset tokenization, and other use cases.ContactChief Marketing OfficerClay [email protected]

Austin, Texas, August 10th, 2023, ChainwireTopl’s CTO, Dr. Hans Behrens, was invited to present the peer-reviewed Ouroboros Taktikos research at China’s prestigious conference in Haikou, China.Topl, an interoperable blockchain protocol focused on a connected, inclusive, and sustainable global economy, today announces the peer-reviewed acceptance of its research on Ouroboros Taktikos. This consensus mechanism, built on the foundation of Cardano’s Ouroboros Praos, shows a throughput increase of 2.9 times and a latency reduction of 5.7 times compared to Praos.Topl's research indicates that by using a dynamic threshold, throughput and latency can be optimized, resulting in a more responsive network. Whereas Praos derives its name from the Greek term meaning "calm" or “gentle” and is known for its sparse consensus intervals, Taktikos, a Greek term meaning "arrangement," reflects a more dynamic approach to block ordering.The Ouroboros Taktikos research was presented at the International Conference on Blockchain and Trustworthy Systems, known as BlockSys, in Haikou, China, and highlights potential areas of improvement within the Ouroboros consensus model. Topl has already integrated Taktikos into its chain to enhance the security and scalability of its protocol.Unlike many advancements in the blockchain space, which are typically posted without any third-party validation, Topl's research underwent a rigorous academic peer-review process. The findings were vetted by leading researchers and will be included in the scientific literature, appearing in Springer CCIS. The manuscript will soon be available via Google Scholar alongside the rest of the Ouroboros family of protocols.“Our exploration into Ouroboros Taktikos reflects the dedication and curious spirit of the Topl team,” says Dr. Hans Behrens, Topl’s Chief Technology Officer. “For those interested in the nuances of Nakamoto-style proof-of-stake (PoS) protocols, Taktikos offers an insightful advancement. We see it as a collaborative evolution in blockchain consensus models, and we're proud of what our team has achieved together.”"The blockchain ecosystem thrives on both breakthroughs and benchmarks,” says Jon Woodard, the CEO at Wolfram Blockchain Labs. “Ouroboros Taktikos from Topl offers an insightful blend, advocating for technological advances rooted in academic credibility."About ToplTopl is a new interoperable blockchain protocol that aims to create a sustainable, inclusive economy. Its mission is to disrupt existing economic systems and empower changemakers worldwide to make a lasting, positive impact. Topl's modular, permissionless proof-of-stake blockchain is transparent, secure, scalable, and energy-efficient. Its technical innovations, including interoperability and eUTxO efficiency, pave the way for economic system innovation by connecting builders across the Topl network. The protocol's transparency, security, and flexibility make it suitable for track and trace applications, carbon and renewable energy credit exchanges, asset tokenization, and other use cases.ContactChief Marketing OfficerClay [email protected]

Recently, the meme coin market has seen an uptick in interest, with numerous tokens registering modest price increases. Pepe coin ($PEPE) has been one of the main beneficiaries, with the token’s price pumping 19% in the last 24 hours. Other meme coins like Wall Street Memes ($WSM) and Cowabunga Coin ($COWABUNGA) have also seen a […]

The crypto market continues to batter Pepe ($PEPE), with the token’s price down over 10% in the past week and closing lower for five straight days. $PEPE holders have watched their investments continue to sink, with no sign of a reversal in the meme coin’s negative momentum. However, new meme coin entrant Cowabunga Coin ($COWABUNGA) […]

Exciting new meme coin Cowabunga has just entered the crypto market, launching a limited-time presale phase for early investors. Inspired by the Teenage Mutant Ninja Turtles franchise, Cowabunga ($COWABUNGA) seeks to leverage nostalgia and community-building to carve out a space in the meme coin niche. With established meme coins like Dogecoin ($DOGE) floundering, some speculate that […]

From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business.

Bitcoin mining is an intriguing and complex subject, one that is central to the operations of the burgeoning BTC network. It plays a pivotal role in the generation of new coins as well as it when it comes to the validation of individual transactions. This article provides a detailed overview of the process, the principles on which it operates, different mining methods, its environmental implications, and future prospects. An Insight into the Process Bitcoin mining, as detailed in Satoshi Nakamoto's seminal whitepaper, performs two critical roles within the Bitcoin network. Firstly, as mentioned above, it contributes to the creation of new BTC, and secondly, it enables the verification and addition of transactions to the blockchain, i.e. a decentralized digital ledger that records all transactions taking place within the Bitcoin network. Miners use powerful computing systems to solve complex mathematical problems in a competitive bid to produce a valid block containing a group of confirmed transactions. Once a miner successfully solves a problem, they add the new block to the blockchain and, as a reward, receive newly minted BTC and a portion of the transaction fees. The Bitcoin mining process effectively protects the network from potential fraud or malicious activities by making alterations to transaction history or Bitcoin forgery nearly impossible. The Fundamentals of Bitcoin Mining Bitcoin mining operates on the basis of the Proof of Work (PoW) consensus algorithm. Here, miners, with the help of powerful computing systems, carry out intricate calculations to produce a hash. The goal is to generate a hash that meets or falls below a specific target set by the network. Over the years, the hardware used for Bitcoin mining has evolved significantly. Initially, miners used standard consumer-grade computers, but today, they leverage Application-Specific Integrated Circuits (ASICs). These specialized devices provide far superior performance and efficiency compared to their predecessors. Another crucial aspect of Bitcoin mining is the "halving" process. Approximately every four years, the reward for mining a new block is reduced by 50%, which inherently decreases the inflation rate of Bitcoin. This process contributes to Bitcoin's scarcity and, subsequently, its value. The Different Facets of Bitcoin Mining As Bitcoin mining continues to evolve, different mining methods have emerged. As pointed out by MaskEX Academy, a one-stop platform for all things crypto devised by cryptocurrency exchange MaskEX, these methods cater to the various needs and preferences of miners — such as solo mining, mining pools, and mining farms. To elaborate, solo mining offers miners the advantage of retaining the entire mining reward and transaction fees, but it often requires high computational power. Conversely, mining pools represent a group of miners who come together and bring their resources together. They then share the rewards proportionally based on the computational power contributed by each. Lastly, mining farms are large-scale operations that involve massive capital investment and continuous maintenance. Environmental Considerations Bitcoin mining's high energy consumption has garnered much debate regarding its environmental sustainability. The massive computational power required for the PoW mechanism often results in high energy usage, contributing to increased carbon emissions. However, sustainable solutions are being explored to mitigate these impacts. For instance, some mining operations are leveraging renewable energy sources, while others use carbon credits to offset emissions. Some innovative approaches even repurpose the waste heat generated by the mining process. The Profitability Equation The profitability of Bitcoin mining is dependent on a variety of factors. These include the efficiency of mining hardware, the cost of electricity, and the current Bitcoin market value. As an article by MaskEX Academy notes, the efficiency of mining hardware is a critical factor, as older, less efficient hardware may not justify its operational costs. Furthermore, electricity prices, being a primary operational expense, can significantly impact profitability as well. Moreover, the hash rate, a measure of a miner's computational power, directly affects the probability of successfully mining a block and receiving the associated rewards. Therefore, balancing these aspects is crucial for the long-term viability of a mining operation. A Peek into the Future The future of Bitcoin mining is set to face several challenges. With the Bitcoin network's difficulty level increasing and block rewards decreasing due to halving, profit margins are expected to shrink. As competition intensifies, the industry could see a trend toward centralization, where only well-funded entities can maintain competitiveness. This potential shift could threaten the security and decentralization that Bitcoin upholds, possibly pushing Bitcoin proponents to explore alternative consensus mechanisms. Despite the challenges, the BTC mining still holds immense potential. As MaskEX Academy points out, the industry's evolution is "a testament to the relentless pursuit of progress and the unwavering belief in the power of decentralization." With continued innovation and growth, Bitcoin mining stands as a beacon of resilience and adaptability in the ever-evolving blockchain landscape.

BCH has seen a spectacular surge recently, registering weekly gains of 114.3%. Bitcoin Cash (BCH) has become this week’s highest gainer in the top 300 tokens by market cap following a 114.3% surge in price. The token continues its uptrend, spurred by its listing on EDX Markets. BCH Reaches One-Year High The token reached a one-year high this week, just days after it listed on the EDX Markets exchange. EDX is backed by several Wall Street heavyweights such as Fidelity Digital Assets, Citadel Securities, Sequoia Capital, and Charles Schwab. Unlike other crypto exchanges, EDX only allows investors to trade bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and BCH. Crypto research firm Santiment found BCH has benefitted from EDX’s launch, rising trading volumes and social media interest.

Bitcoin Cash (BCH) has surged by 36.5% in the past three-days after EDX, the exchange backed by Fidelity, Schwab and Citadel, listed it alongside bitcoin (BTC), ether (ETH) and litecoin (LTC).

The recent launch of EDX Markets, a new crypto exchange, in collaboration with prominent investment bodies including Citadel, Fidelity, Charles Schwab, Sequoia Capital, Virtu Financial, and Paradigm, showcases a notable shift in the attitude of top investment entities towards the cryptocurrency industry. This move comes despite the recent regulatory crackdown on cryptocurrencies by US SEC, […]

EDX Markets (EDX), which is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities has launched in the U.S. after building out its technology for the past nine months, the company announced Tuesday.

EDX Markets is backed by large financial institutions such as Citadel Securities, Fidelity Investments, and Charles Schwab.

Volcano Energy, the renewable energy developer, said the funds would go toward an estimated 241 MW power generation park.

El Salvador’s plans to build a billion dollar renewable energy precinct has found a first round investor in stablecoin issuer Tether.

As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.

Bitcoin’s most supportive senator is opposed to the Biden Administration’s Bitcoin mining tax, but thinks renewable mining still has a future across the globe.

Will Bitcoin be powered by renewable energy, or coal in the long term future?

Bitcoin proponents accused New York Times of overstating emissions by mining companies and omitting the facts about the growing adoption of renewable energy sources for BTC mining.